Amundi Group has announced that the acquisition of Pioneer Investments will be finalised on 3 July, with a new global structure across 30 countries ready to be launched.
As a result of the deal being finalised, Giordano Lombardo, group chief executive and chief investment officer of Pioneer Investments, has announced that he is leaving the organisation.
Amundi Asset Management said that it has received all of the regulatory authorisations required for its acquisition of Pioneer Investments to go ahead, and that country heads for all 30 of the countries in which the business will be operating have been designated.
In Europe, these will include, in Italy, Cinzia Tagliabue; in Germany, Evi Vogl; in Central and Eastern Europe, Werner Kretschmer; in the United Kingdom, Laurent Guillet; and in Ireland, Robert Richardson.
In the US, Canada and Latin America, the country head will be Lisa Jones; in Japan, it’s Julien Fontaine; in North Asia, Xiaofeng Zhong; in South-East Asia, Jack Lin; and in theMiddle East, Nesreen Srouji.
The deal, as reported, was originally announced last year.
The group paid tribute to departing Pioneer CEO Lombardo, for his role in completing the deal and his 20 years of service to Pioneer.